Lium releases utility-scale solar project tracking software
Liaman energy market research firm for institutional users, announced the launch of a new data product for tracking utility-scale solar projects, called solarSAT.
The Inflation Reduction Act will fundamentally change the solar energy landscape. Coinciding with this revolutionary move by the government, Lium’s new intelligence product follows the development of every major US solar project in real time through satellite imagery.
In addition to industry-wide information, investors and business management teams can use this product to delve deeper into any large-scale solar project under development. Project-specific data includes breakthrough data (firstDIRT), panel deliveries, installation, market share, completion progress and other milestones.
“As an alternative to anecdotes, lagging data and guesswork, our data science team developed solarSAT to process thousands of satellite images at hundreds of project sites,” said Daniel Cruise, partner at Lium Research. “With this product, we hope to change the way participants make investment decisions in solar energy.”
Lum solarSAT data is aggregated into different datasets and monthly summary products. For the first time, investors can access real-time carpet-level information about solar growth instead of imperfect information.
“Early solarSAT users are more confident in their market theses, gain business development benefits and are less likely to be surprised. Thanks to this product, they know what is coming and from whom and where for the rest of the market,” said Cruise.
A launch report revealed some key findings:
- firstDIRT much better than feared
- As part of the solarSAT product, Lium has built-in specific capabilities to track exactly when each project starts construction or “gets dirty”, also known as firstDIRT. Based on this data, the new activity has been much stronger than commonly believed in the industry.
- But panel installations still drag
- By tracking actual panel deliveries to the site, Lium’s satellite data matches anecdotes and panel imports that indicate lower installation activity. Based on that data, about 30% fewer panels were installed this month than a year ago.
- Projects under construction July > 19 GWAC
- According to solarSAT data, Lium has 19-20 GWAC of projects under construction at the end of July, 25% more than a year ago. Of this 10 GWAC Haven’t received any panels yet.
Lum has introduced three solarSAT databases that will be regularly updated for customers in the future:
- solarSAT Summary Data
- solarSAT status detail
- firstDIRT monthly update
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